27/05/2025 09:38

NEXTDC Ltd (NXT) $13.06

NXT plunged almost 50% from its 2024 highs as the original major ASX Data Centre (DC) player found itself fighting for investors and potentially funds as GMG and DGT provided new local competition in the space. The risk continues to hang over NXT of another capital raise as they race to maintain their expansion plans; the company already executed two in 2024 and one in 2023, with DC expansion being a capital intensive operation.

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02/05/2025 09:23

NEXTDC (NXT) $12.37

NXT has been at the forefront of local data centre expansion, but over the last year, solid alternatives have arisen for ASX investors in the form of GMG and DGT. Encouragingly, Goldman has just added NXT to its APAC Conviction list as they foresee ongoing demand for digital infrastructure.

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01/04/2025 09:30

NEXTDC Ltd (NXT) $11.31

NXT has been in the wrong place at the wrong time following the listing of DigiCo (DGT) and the massive capital raise by Goodman Group (GMG), diluting the available capital looking for a home on the ASX toward data centres, it was once just NXT’s domain.

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25/03/2025 09:48

NEXTDC Ltd (NXT) $12.93

NEXTDC is comparatively small compared to EQIX, with a market cap of just $8.3bn. It has demonstrated top line growth, but high levels of investment for future growth has led to net losses in recent periods. The company's ongoing expansion and significant capital investments aim to position it for future profitability.

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21/03/2025 09:22

NEXTDC Ltd (NXT) $13.21

NXT bounced back by 2.8% on Thursday, but the move hardly dented the more than 30% correction from its mid-2024 high, following the profit-taking that has swept through the AI space following the DeepSeek announcements.

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04/03/2025 09:14

NEXTDC Ltd (NXT) $13.82

NXT's most recent capital raise was $750mn last September at  $17.15; the stock has been under pressure in the last few months courtesy of capital raises by HMC and GMG, which would have led to some selling of NXT to fund purchases.

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24/02/2025 17:31

NextDC (NXT) $14.15

NXT –2.55%: Released a weaker than expected 1H25 result from an immediate earnings perspective alongside promising forward-looking figures and a solid incentives plan for the CEO. 

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20/02/2025 09:29

NEXTDC (NXT) & Goodman Group (GMG)

We have stated previously that MM is a firm believer in the AI revolution, which is still in its infancy. The “picks & shovels” phase, i.e., data centres and AI chips, is still an excellent place to invest at this stage of the cycle. Yesterday's $4bn cap raise announced by GMG should come as no major surprise when we consider that in 2024, NEXTDC raised a total of ~$2bn in two tranches to develop its overall data centre pipeline;

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29/01/2025 09:36

NEXTDC Ltd (NXT) $14.75

NEXTDC (NXT) is Australia's leading DCaaS (data centre as a service), operating 15 data centres across Australia, plus two edge sites (Port Hedland and Sunshine Coast) and three offshore (Tokyo, Kuala Lumpur and Auckland).

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22/11/2024 09:44

Portfolio Amendment – Active Growth Portfolio

We are adding to a position in the Active Growth Portfolio.

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